Panic!: The Story of Modern Financial Insanity Audiobook (Free)

Featuring a special interview with the author, ‘America’s poet laureate of capital’ (The LA Times)

When it comes to marketplaces, the first dangerous sin is usually greed. In Anxiety!, #1 bestselling writer Michael Lewis offers chosen several pieces of outstanding journalism to illuminate one of the most violent and expensive upheavals in latest credit history: the Crash of ’87, the Russian Default (and the next collapse of LONG-TERM Capital Management), the Asian Currency Crisis of 1999, the web about Panic!: THE STORYPLOT of Modern Financial Insanity Bubble, and the current Sub-Prime Mortgage Devastation. Among the unabridged selections are several items by Lewis himself, whose composing also presents each section, aswell as contributions from Nobel Prize-winner Paul Krugman, Wayne Surowiecki yet others composing in Fortune, THE BRAND NEW Yorker and The New York Times.

A number of the parts paint the mood and market factors before the particular crash, or display what people believed was happening at the time. Others, with the blissful luxury of hindsight, analyze what in fact happened. You will find sobering communications common to these narratives: the lessons that should have been discovered along the way were generally ignored; so when push comes to shove — when all investors run to the same part of the motorboat — the thoroughly devised protections against risk turn out to be wishful thinking.

As demonstrated in Liar’s Texas holdem, THE BRAND NEW New Thing, and Moneyball, Lewis is definitely without peer in his knowledge of marketplace pushes and of individual foibles. He is also, arguably, the funniest severe writer in America.